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SelfKey KEY/USD has weakened from $0.025 to $0.011 since November 21, and the current price stands at $0.012.

SelfKey is a blockchain identity system that allows identity owners to truly own, control, and manage their digital identity.

SelfKey has the Regulatory Sandbox License (RSL) issued by the Board of Investment of Mauritius, which proves that this system can develop identity products with a greater level of regulatory certainty.

SelfKey empowers you to take back ownership of your identity data, and it is important to mention that SelfKey can never steal or lose your identity data. The SelfKey wallet is non-custodial, and if SelfKey’s servers are hacked, your data remain safe.

Identity management solutions often cost a lot of money, while the SelfKey Identity Wallet is completely free, and it also enables you to open a business abroad through the Incorporations Marketplace.

With SelfKey, you can also utilize a variety of other services, such as offshore banking, registering for secondary citizenship or residencies, registering for loans platforms, and more.

SelfKey is a project that has a bright future, and it will probably be one of the major players in the blockchain identity management industry, which is expected to grow to $2 billion by 2023, at an annual growth rate of 84.5%.

The SelfKey Network consists of the most promising fintech and blockchain startups, while the main partners of this project include notable law firms, banks, notaries, translators, accounting firms, and government officials. The SelfKey team added:

With many of their products and services listed in the SelfKey Marketplace, it is the one-stop-shop to explore, compare, and instantly sign up for a broad range of financial, corporate, immigration, and cryptocurrency-related services.

SelfKey tokens have the symbol KEY, and to interact with this blockchain identity system, you should use KEY tokens. KEY plays an important role in the SelfKey ecosystem, and it has a total supply of 6 billion tokens.

SelfKey (KEY) has weakened from its recent highs above $0.025, registered on November 21, to $0.011, while the current price stands at $0.012.

The strong support level for KEY stands at $0.010, and if the price falls below it, the next price target could be around $0.008 or even below.

On the other side, if the price jumps above $0.015, it would be a strong “buy” signal, and we have the open way to a resistance level that stands at $0.020.

SelfKey is a blockchain identity system that has a mission to create a safer world where our personal data and privacy are protected. SelfKey is a very promising project, and the price of KEY could advance again at levels that we saw in November 2021.

The post Should I buy SelfKey (KEY) in January 2022? appeared first on Invezz.

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